| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 7.4K | 2.5% | 6.2% |
| Total Income | 7.4K | 2.5% | 6.2% |
| Expenditure | 5.5K | 5.8% | 7.0% |
| PBT | 1.7K | 7.7% | 3.4% |
| Net Profit | 1.3K | 10.5% | 4.5% |
| OPM | 25.65% | 2.56pp | 0.58pp |
| NPM | 17.10% | 2.01pp | 0.27pp |
| EPS | 2.64 | 11.4% | 7.3% |
Marsh & McLennan Reports Q2 2026 Results
21 Jul 2026 · 21 Jul, 4:36 pm
Summary
Marsh & McLennan Companies, Inc. reported strong second quarter 2026 results, with consolidated revenue increasing by 6% year-over-year to $7.4 billion, driven by 5% underlying revenue growth. Adjusted operating income saw a 5% increase to $2.2 billion, and adjusted EPS grew by 9% to $2.96. For the first six months of the year, revenue increased 7% to $15.0 billion, with adjusted EPS up 8% to $6.25. The company also announced a 10% increase in its quarterly dividend.
Key Highlights
- 1
Marsh & McLennan reported second quarter 2026 revenue of $7.4 billion, an increase of 6% compared to the second quarter of 2025.
- 2
Underlying revenue growth for the second quarter of 2026 was 5%.
- 3
GAAP operating income increased 4% to $1.9 billion, while adjusted operating income rose 5% to $2.2 billion.
- 4
Second quarter GAAP EPS was $2.63, and adjusted EPS increased 9% to $2.96.
- 5
For the six months ended June 30, 2026, consolidated revenue was $15.0 billion, an increase of 7% on a GAAP basis or 4% on an underlying basis.
- 6
Six months adjusted EPS increased 8% to $6.25.
- 7
The Board of Directors increased the quarterly dividend by 10% to $0.990 per share.
Management Comments
John Doyle
I am pleased with our solid results in the quarter and our execution in a dynamic environment. Our performance in the first half underscores strong demand for Marsh's expertise and capabilities across risk, people, strategy, and investments. For the quarter, we generated 6% overall revenue growth, 5% underlying revenue growth, and 9% growth in adjusted EPS.
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